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Excerpt from What Are We to Do With Our Government Owned Ships: Do We Need a Merchant Marine for Peace and WarThus, we find ourselves to-day with the Government owning steel ships aggregating gross tons, operating 421 of these ships at an estimated cost to the Treasury the coming year of with ships tied up, we find private operations as well being conducted at startling losses, due not only to depressed world conditions, but to the impossibili...

Excerpt from What Are We to Do With Our Government Owned Ships: Do We Need a Merchant Marine for Peace and War Automatically the 3, 000, 000 poor tons must be done away with. Part of it can be used by selling to Americans the hulls at low figures for conversion to types of freighters of which we are not possessed. The balance may either be sold in small quantities in local trades abroad, where, because of shorter runs and cheaper labor, local...